2020 closed with a profit, CMB looks to the future
CMB closed FY 2020 with a turnover of almost € 570 million, € 70 million of which realized abroad
In 2020, the volumes of production and productivity in the Construction sector, traditionally CMB’s core business, were affected by the block on works and activities, which led to results that fell below forecasts, with a change of trend already evident towards the end of the year, while the Projects and Services sector recorded a rise in production and profits, thanks to the ceaseless work carried out, in particular in health facilities, even during the most critical months of the pandemic. Renewed vigor was also evident in real estate sales, especially in the Milan area, which exceeded targets, turning around a negative trend that had been ongoing for some years.
The last few days saw official confirmation of the important acquisition of the contract to build the third lane of the Florence South – Incisa stretch of the A1 motorway, for Autostrade per l’Italia: a major work worth around € 300 million, in which the Group will once again be working with Autostrade, following its previous experience with the Variante di Valico diversion.
On Saturday 22 of May at 9.30 a.m., the Shareholders’ Meeting was held at the headquarters of CMB in compliance with the health and safety regulations, and streamed live with the participation of the Mayor of Carpi, Alberto Bellelli, Dr. Stefania Ascari, Director of the Carpi District of Modena Health Authority, and Legacoop Chairman Mauro Lusetti.